Connected Enterprise Market Size, Share, Opportunities, And Trends By Platform (Device Management, Connectivity Management, Others), By Solution (Manufacturing Execution System, Enterprise Infrastructure Management, Customer Experience Management, Remote Monitoring System, Asset Performance Management, Others), By End User (BFSI, Retail And E-commerce, Energy And Utility, Manufacturing, Oil And Gas, IT And Telecommunication, Others), And By Geography - Forecasts From 2023 To 2028

The connected enterprise market was valued at US$348.41 billion in 2021 and is expected to grow at a CAGR of 21.94% during the forecast period.

Connected Enterprise Market refers to the use of technology to connect different aspects of a business, such as people, processes, and data, to improve operational efficiency and decision-making. The rise of connected enterprises is driven by the need for better decision-making through data and analytics, which is immediately analysed to improve operational efficiency. However, using AI-generated content in the connected enterprise market has pros and cons. While AI-generated content has the potential to change the world and how we live in it, it can also provide inaccurate and misleading information, and there are concerns about quality and possible plagiarism.

Introduction:

The Connected Enterprise Market manages the utilization of innovation to interface various parts of a business, like individuals, cycles, and information, to work on functional effectiveness and direction. The market is driven by the requirement for better dynamics through information and investigation, which is promptly examined to work on functional productivity. The market is affected by troublesome advancements like computerized medical care innovation, streaming, and information investigation. In any case, the utilization of man-made intelligence-created content in the connected enterprise market has two advantages and disadvantages. While man-made intelligence-created content can impact the world and how we live in it, it can likewise give erroneous and misdirecting data, and there are worries about quality and conceivable counterfeiting.

Drivers:

• Improved decision-making: Connected enterprises speed up the decision-making process while also improving it. Information and examination empower better and quicker navigation. Dynamic in light of information prompts the disclosure of previously unheard-of business valuable open doors.
• Automation and cloud computing: Industry expansion is being driven by higher demand for automation and cloud computing.
• Better customer insight: When businesses have access to the digital footprints of their customers, they can learn invaluable knowledge about their preferences, their needs, and their browsing and purchasing behaviour. Dissecting information gathered from designated markets can likewise help organizations more quickly distinguish patterns and examples and afterward modify items or administrations to address these issues.
• Smarter recommendations and audience targeting: The growing demand for automation and cloud computing is driving the adoption of big data tools and technologies in industry, which can enhance R&D and lead to the development of innovative products and services. By examining client patterns, observing web-based shopping, and assessing retail location value-based information, marketers can make altered publicizing to reach new or developing customer sections and increment the effectiveness of marketing endeavors.
• Seamless connectivity: Seamless connectivity spurs new collaboration. The Connected Enterprise®unites plant-level and enterprise organizations and safely associates individuals, cycles, and advancements.

Products offered by key companies:

• Microsoft Corporation offers a range of solutions for the Connected Enterprise Market, including Azure IoT, Dynamics 365, and Power Platform. These solutions help businesses connect their devices, data, and people, enabling them to make better decisions and improve their operations. Microsoft's solutions offer advanced analytics and AI capabilities to empower businesses to extract insights from their operations and make informed decisions.
• Honeywell offers a range of solutions for the Connected Enterprise Market, including Honeywell Forge, a cloud-based platform that helps businesses connect their operations and improve their efficiency. Honeywell Forge provides real-time data analytics and insights, helping businesses make smarter decisions and improve their efficiency. Honeywell's solutions also include cybersecurity and safety solutions to help businesses protect their operations.
• IBM offers a range of solutions for the Connected Enterprise Market, including IBM Watson IoT, which helps businesses connect their devices and data to improve their operations. IBM's solutions provide advanced analytics and AI can help businesses gain additional insights into their operations and make data-driven decisions. IBM also offers blockchain solutions to help businesses improve their supply chain operations and increase transparency.
  

Prominent growth in the security solution segment within the connected enterprise market:

The security solution segment within the Connected Enterprise Market is experiencing prominent growth. As businesses increasingly rely on technology to connect different aspects of their operations, they also face new security challenges. The security solution segment offers solutions to help businesses protect their operations from cyber threats and other security risks. These solutions include cybersecurity, safety solutions, and blockchain solutions. Businesses are increasingly investing in cybersecurity solutions to protect their operations from cyber threats and other security risks. This trend is expected to continue in the coming years, driven by the growing adoption of connected enterprise solutions and the increasing importance of cybersecurity in business operations.

The Asia Pacific region is expected to hold a significant share of the connected enterprise market:

The Asia Pacific region is expected to hold a significant share of the Connected Enterprise Market. It is anticipated that the region will grow at a substantial rate by the year 2030. The Asia-Pacific region is expected to be the fastest-growing market for connected enterprises in the coming years, with China leading the way. This is due to China's large and growing economy, its large population of internet users, and its government's support for the development of new technologies. Chinese companies are investing heavily in connected enterprise infrastructure, such as 5G networks and the Internet of Things (IoT). This enables them to develop and implement new connected enterprise solutions that can help them to improve their efficiency, productivity, and customer service. The growth in the Asia Pacific region is expected to contribute significantly to the overall growth of the Connected Enterprise Market in the coming years.

Key developments:

• In July 2023, IBM announced the release of IBM WatsonX. Watsonx permits clients and accomplices to practice and send models for different venture use cases or assemble their own.
• In May 2023, Honeywell announced the launch of its new cybersecurity solution, Honeywell Forge Cybersecurity Platform, which helps businesses protect their operations from cyber threats.

Segments

• By Platform
  • Device Management
  • Connectivity Management
  • Others
• By Solution
  • Manufacturing Execution System
  • Enterprise Infrastructure Management
  • Customer Experience Management
  • Remote Monitoring System
  • Asset Performance Management
  • Others
• By End User
  • BFSI
  • Retail and E-commerce
  • Energy and Utility
  • Manufacturing
  • Oil and Gas
  • IT and Telecommunication
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others